JPYC CEO: Rising Bank Service Outages in Japan Will Boost Demand for Yen Stablecoin JPYC

November 11 — According to The Block, Noritaka Okabe, CEO of JPYC Inc., said demand for the JPYC stablecoin will rise as more banks face service outages. His remarks came shortly after Japan's GMO Aozora Net Bank suspended some of its banking API services after detecting unauthorized communications. Its parent company, GMO Internet Group, suffered a major cybersecurity incident last month involving a ransom demand following unauthorized access to servers.

JPYC is a regulated yen-pegged stablecoin, and the company registered as a funds transfer service provider with Japanese authorities in October 2025.